Federal Register of Legislation - Australian Government

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Act No. 123 of 1990 as made
An Act to amend the Northern Prawn Fishery Voluntary Adjustment Scheme Loan Guarantee Act 1985
Administered by: Agriculture, Fisheries and Forestry
Date of Assent 28 Dec 1990
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

NORTHERN PRAWN FISHERY VOLUNTARY ADJUSTMENT SCHEME LOAN GUARANTEE AMENDMENT ACT 1990 No. 123, 1990 ACT 1990 No. 123, 1990

NORTHERN PRAWN FISHERY VOLUNTARY ADJUSTMENT SCHEME LOAN GUARANTEE AMENDMENT ACT 1990 No. 123, 1990 - LONG TITLE

An Act to amend the Northern Prawn Fishery Voluntary
Adjustment Scheme Loan Guarantee Act 1985

NORTHERN PRAWN FISHERY VOLUNTARY ADJUSTMENT SCHEME LOAN GUARANTEE AMENDMENT ACT 1990 No. 123, 1990 - SECT 1
Short title etc.

(Assented to 28 December 1990)
1. (1) This Act may be cited as the Northern Prawn Fishery Voluntary Adjustment Scheme Loan Guarantee Amendment Act 1990.
(2) In this Act, "Principal Act" means the Northern Prawn Fishery Voluntary Adjustment Scheme Loan Guarantee Act 1985.*1*

(Minister's second reading speech made in
House of Representatives on 8 November 1990
Senate on 15 November 1990)
*1* No. 111, 1985.

NORTHERN PRAWN FISHERY VOLUNTARY ADJUSTMENT SCHEME LOAN GUARANTEE AMENDMENT ACT 1990 No. 123, 1990 - SECT 2
Commencement

2. This Act commences on the day on which it receives the Royal Assent.

NORTHERN PRAWN FISHERY VOLUNTARY ADJUSTMENT SCHEME LOAN GUARANTEE AMENDMENT ACT 1990 No. 123, 1990 - SECT 3
Guarantee of certain loans

3. Section 5 of the Principal Act is amended:
(a) by adding at the end of subparagraph (1) (a) (i) "and'';
(b) by inserting after subparagraph (1) (a) (ii) the following subparagraph:
"(iia) making payments to persons who are, or
have been, the holders of units of fishing capacity under that Act in relation to that fishery in respect of the voluntary withdrawal by them of a boat or boats from fishing in that fishery; and'';
(c) by omitting from subparagraph (1) (a) (iii) "for Primary Industry'';
(d) by omitting from subsection (2) "$5,000,000'' and substituting "$40,900,000''.